Common Contracts
1 similar Framework Financing Agreement contracts
FRAMEWORK FINANCING AGREEMENTFramework Financing Agreement • June 6th, 2012
Parties This Framework Financing Agreement (“FFA”), dated 17 May 2012 is between India acting by its President (“India”) and Asian Development Bank (“ADB”). Investment Program India is committed to and shall implement, through the Ministry of Rural Development (“MORD”), and the States of Assam, Chhattisgarh, Madhya Pradesh, Odisha, and West Bengal (“States”) the Rural Connectivity Investment Program (“Investment Program” or “RCIP”) which is an integral part of the Pradhan Mantri Gram Sadak Yojana1 (“PMGSY”). PMGSY aims to provide all-weather road connectivity to eligible habitations in India’s rural areas, where 70% of India’s population live. Investments in rural roads will improve connectivity, cut transport costs, and provide enabling infrastructure to areas currently with poor access to markets and urban towns, and thus contribute to growth and equity in the country’s largest sector. Both PMGSY and the Investment Program are described in Schedule 1 to this FFA.The total cost of the
